Best Way to Motivate a Contractor
Hello,
I am in the middle of my second flip as deal manager, and I am trying to figure out the best way to keep my contractor's motivated?
This is the second flip where we have realized during multiple weeks the contractor had not completed any work, and we have already put a clause in the work contract that if the work is not completed by a certain day, there is a daily financial penalty (200$ a day). The contractor agreed at the beginning that the scope of the work was well within the time limit agreed upon, but now seems to be struggling to meet the deadline. I know this is one of his first flips as a lead contractor, and I want to stay positive with him because I believe this is the best form of motivation, but we also have a deadline and need to have it completed by then.
Best,
Matt